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Daily Market Comment

Daily Market Recap -

Updated Each Business Day at Approximately 4:30 pm ET.

After a rough session to start the week, the tech sector rebounded and brought some of the US markets with it on Tuesday; shares of Dow 30 component Apple Inc. rose 1.7 percent. Fed Chairwoman Janet Yellen's comments regarding interest rates and inflation -- namely,

The Dow Jones Industrial Average shed 9 points at 22286, the S&P 500 added less than a point at 2497, and the NASDAQ Comp gained 9 points at 6,380. Dow Transports jumped 64 points at 9779, the Dow Jones Utility Index lost less than a point at 731, and the Russell 2000 small caps ended the session at 1456, up 5 points. 737 million and 464 million shares were traded on the New York Stock Exchange and NADAQ, respectively. Advancers outnumbered decliners 4 to 3 on both the NYSE and NASDAQ.

The US dollar strengthened versus major rivals, with the ICE Dollar Index up 0.5 percent at 93.13. Gold for December delivery settled at $1301.70 per ounce, down 0.8 percent. November WTI crude declined 0.7 percent, settling at $51.88 per barrel. Recent US treasury yields: 1.4 percent for the 2-year note, 1.9 percent for the 5-year note, 2.2 percent for the 10-year note, and 2.8 percent for the 30-year bond.

-- Clients with questions concerning this Afternoon Comment are advised to contact Amanda Collier at 1-800-444-1854 x8820 or (502) 588-8820. Members of the media are advised to contact Gary England at 1-800-444-1854 x1738 or (502) 588-1738. --

On Monday a tech sector selloff put US markets mostly in the red to start the week. Geopolitical tensions involving North Korea also weighed on investors. The Dow Jones Industrial Average fell 53.84 points to 22295.75, the S&P 500 was down 5.56 points at 2496.66, and the NASDAQ Comp declined 56.33 points at 6370.59. Shares of Netflix and Facebook lost 4.7 and 4.5 percent, respectively, and added to the tech slide. Energy and consumer staples sector gains helped offset some of the overall market gloom.

Dow Transports gained 10.72 points at 9715.10, the Dow Jones Utility Index was higher by 5.77 points at 732.40, and Russell 2000 small caps ended the session at 1451.95, up 1.77 points. 842 million and 523 million shares were traded on the New York Stock Exchange and NADAQ, respectively. On the NYSE decliners outpaced advancers 4 to 3, while on the NASDAQ advancers outnumbered decliners 17 to 13.

The US dollar and gold prices both had a decent Monday, with the currency stronger versus major rivals and Gold for December delivery rising 0.1, settling at $1311.50 per ounce. Oil prices rallied, with October WTI crude jumped 3.1 percent, settling at $52.22 per barrel. Recent US treasury yields: 1.4 percent for the 2-year note, 1.8 percent for the 5-year note, 2.2 percent for the 10-year note, and 2.8 percent for the 30-year bond.

-- Clients with questions concerning this Afternoon Comment are advised to contact Amanda Collier at 1-800-444-1854 x8820 or (502) 588-8820. Members of the media are advised to contact Gary England at 1-800-444-1854 x1738 or (502) 588-1738. --

US markets managed geopolitical jitters on Friday to end the week mostly in the green. The Dow 30 was weighed down by shares of component Apple Inc., which slid nearly 1 percent amid pre-new-iPhone volatility. T-Mobile US and Sprint Corp. climbed 0.5 and 4.6 percent, respectively, following a Reuters article saying the companies' terms for merger were nearing completion. Failure to achieve a primary phase 3 trial endpoint sent Versartis Inc. down 88 percent.

The DJIA fell 9.64 points to 22349.59 (+0.4 percent for the week), the S&P 500 added 1.62 points at 2502.22 (+0.1 percent for the week), and the NASDAQ Comp gained 4.23 points at 6426.92 (-0.3 percent for the week). Dow Transports climbed 35.39 points at 9704.38, the Dow Jones Utility Index shed 4.15 points at 726.63, and Russell 2000 small caps ended the session at 1450.78, up 6.59 points. 722 million and 416 million shares were traded on the New York Stock Exchange and NADAQ, respectively. Advancers outnumbered decliners on the NYSE 9 to 5 and 2 to 1 on the NASDAQ.

The US dollar weakened versus major rivals. Concerns regarding North Korean let Gold for December delivery rise 0.2 percent to $1297.50 per ounce for the day, but for the week gold was down over 2 percent. No production cut extension agreement arose from Friday's OPEC committee meeting of major oil producers. Nevertheless, oil prices rose, with November WTI crude settling at $50.66 per barrel, up 0.2 percent for the day and 0.4 percent for the week. Recent US treasury yields: 1.4 percent for the 2-year note, 1.9 percent for the 5-year note, 2.3 percent for the 10-year note, and 2.8 percent for the 30-year bond.

-- Clients with questions concerning this Afternoon Comment are advised to contact Amanda Collier at 1-800-444-1854 x8820 or (502) 588-8820. Members of the media are advised to contact Gary England at 1-800-444-1854 x1738 or (502) 588-1738. --

US markets mostly took a step back on Thursday as investors digested yesterday's Federal Reserve FOMC meeting. As expected, the Fed did not raise interest rates; they also provided an outline of their balance sheet reduction plan, which they will begin to implement in October. Dow 30 stocks were led on the downside by shares of components Apple Inc., down 1.7 percent, and Procter & Gamble, down 1.9 percent. The technology sector was also dinged by shares of Nvidia Corp. sliding 2.7 percent.

The DJIA fell 53.36 points to 22359.23, S&P 500 was off 7.64 points at 2500.60, and the NASDAQ Comp gave up 33.35 points at 6422.69. Dow Transports added 14.62 points at 9668.99, the Dow Jones Utility Index shed less than a point at 730.78, and the Russell 2000 small caps ended the session at 1444.18, down 1.23 points. 726 million and 426 million shares were traded on the New York Stock Exchange and NADAQ, respectively. Decliners bested advancers on the NYSE 4 to 3, while on the NASDAQ advancers outnumbered decliners 16 to 13.

Post Federal Reserve's Wednesday actions the US dollar deflated versus major rivals, with the US ICE Dollar Index off around 0.3 percent. Gold for December delivery was down 1.6 percent, settling at $1294.80 per ounce. Oil prices dipped as traders cautiously waited for tomorrow's major oil producers meeting. November WTI crude settling at $50.55 per barrel, a loss of 0.3 percent. Recent US treasury yields: 1.4 percent for the 2-year note, 1.9 percent for the 5-year note, 2.3 percent for the 10-year note, and 2.8 percent for the 30-year bond.

-- Clients with questions concerning this Afternoon Comment are advised to contact Amanda Collier at 1-800-444-1854 x8820 or (502) 588-8820. Members of the media are advised to contact Gary England at 1-800-444-1854 x1738 or (502) 588-1738. --

US stocks markets ended mostly higher Wednesday as investors digested news from the Federal Reserve's FOMC meeting and comments from Fed Chairwoman Janet Yellen. The Fed said a reduction in its asset portfolio of $4.5 trillion would begin in October "gradually and predictably," per Yellen. Interest rates were not changed, meeting expectations. An increase of the fed funds rate in December seems to still be likely.

The Dow 30 gained 41 points at 22412 and the S&P 500 added nearly 2 points at 2508 (yet another record close for both), while the NASDAQ Comp shed 5 points at 6456. Dow Transports soared 147 points at 9654, the Dow Jones Utility Index slid 5 points at 731, and Russell 2000 small caps ended the session 5 points higher at 1445. 836 million and 507 million shares were traded on the New York Stock Exchange and NADAQ, respectively. Advancers outnumbered decliners on the NYSE 4 to 3 and roughly 17 to 13 on the NASDAQ.

The US dollar strengthened versus major rivals in light of the Fed leaving interest rates unchanged for now. Gold for December delivery rose 0.4 percent, settling at $1316.40 per ounce. US/Iran tensions and traders anticipating an upcoming extension of OPEC's production cuts sent oil prices higher, with October WTI crude up 1.9 percent, settling at $50.41 per barrel. Recent US treasury yields: 1.4 percent for the 2-year note, 1.9 percent for the 5-year note, 2.3 percent for the 10-year note, and 2.8 percent for the 30-year bond.

-- Clients with questions concerning this Afternoon Comment are advised to contact Amanda Collier at 1-800-444-1854 x8820 or (502) 588-8820. Members of the media are advised to contact Gary England at 1-800-444-1854 x1738 or (502) 588-1738. --

US markets were mostly higher on Tuesday. The Dow Jones Industrial Average closed at its 41st record high in 2017, the S&P 500 booked its 36th record high close for the year and the NASDAQ Comp accomplished its 49th. The financial sector helped stocks on the upside -- in particular, insurance led, with shares of Allstate Corp. and Progressive Corp. rising 0.7 and 2.8 percent, respectively. The Federal Reserve's 2-day policy meeting began today; economists are anticipating the Fed will complete the specifics of how to wind down their balance sheet of $4.5 trillion. August's housing starts fell 0.8 percent, coming in at a 1.18 million annual rate compared to July's 1.19 million. New home permits rose 5.7 percent in August; the 1.3 million rate matches January's number.

DJIA gained 39 points at 22370, the S&P 500 added 2 points at 2506, and the NASDAQ rose 6 points at 6461. Dow Transports lost 7 points at 9507, the Dow Jones Utility Index slid 2 points to 736, and Russell 2000 small caps ended the session down less than a point at 1440. 808 million and 450 million shares were traded on the New York Stock Exchange and NADAQ, respectively. Advancers outnumbered decliners on the NYSE 14 to 13, while decliners just barely bested advancers and on the NASDAQ

The ICE US Dollar Index lost a little ground at 91.78, off 0.3 percent. Gold for December delivery settled at $1310.60 per ounce, slipping $0.20. October WTI crude traded down 0.9 percent, settling at $49.48 per barrel. Recent US treasury yields: 1.4 percent for the 2-year note, 1.8 percent for the 5-year note, 2.2 percent for the 10-year note, and 2.8 percent for the 30-year bond.

-- Clients with questions concerning this Afternoon Comment are advised to contact Amanda Collier at 1-800-444-1854 x8820 or (502) 588-8820. Members of the media are advised to contact Gary England at 1-800-444-1854 x1738 or (502) 588-1738. --

These materials are provided for general information and educational purposes based upon publicly available information from sources believed to be reliable-we cannot assure the accuracy or completeness of these materials. The information in these materials may change at any time and without notice.

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